85003 Homes under $500,000

Welcome to the vibrant heart of Phoenix, Arizona, where the zip code 85003 offers a unique blend of urban living and suburban charm. Nestled in Maricopa County, this dynamic area is a haven for those seeking an eclectic lifestyle, rich culture, and a strong sense of community.

Homes in the 85003 zip code are not only accessible but also diverse, with many options available for under $500,000. Whether you’re a first-time homebuyer, a savvy investor, or looking to downsize, you’ll find a variety of properties that cater to different tastes and needs. From charming bungalows to contemporary condos, the real estate market here is brimming with opportunities to find your perfect abode.

Living in 85003 means enjoying the best of what Phoenix has to offer. Explore the nearby Roosevelt Row, a vibrant arts district brimming with galleries, street art, and trendy eateries. For outdoor enthusiasts, the proximity to parks and hiking trails makes it easy to enjoy the beautiful Arizona weather. Plus, with a strong sense of community and numerous local events, you’ll quickly feel at home.

The area is also well-connected, with easy access to major highways and public transportation, making commuting a breeze. With a growing economy and a rich cultural landscape, 85003 is not just a place to live; it’s a lifestyle waiting to be embraced. Discover your dream home in this charming neighborhood today!

Newest 85003 Homes under $500,000

$269,000

1 Beds ⋅ 1 Baths ⋅ 7080027 MLS ⋅ ACTIVE Status ⋅ 0.01 Acres ⋅ 85003 Zip Code ⋅ 720 SqFt.

Experience breathtaking city skyline views from this fully furnished 6th-floor European-inspired residence in a classic mid-century high-rise, ideally situated in the heart of Downtown Phoenix's Historic Roosevelt District. Residents enjoy an impressive selection of amenities. The property also offers an assigned parking space, with additional guest parking available. Conveniently located just moments from the Phoenix Light Rail, downtown restaurants, bars, shopping, and entertainment, this exceptional home is also only 7 miles from Phoenix Sky Harbor International Airport. Listing agent is related to the owner/LLC member. The community pool is currently under construction, adding another anticipated amenity for residents to enjoy upon completion.

805 N 4th Avenue Unit 607, Phoenix

$299,000

1 Beds ⋅ 1 Baths ⋅ 7074395 MLS ⋅ ACTIVE Status ⋅ 85003 Zip Code ⋅ 720 SqFt.

Step into a beautifully fully remodeled residence in the heart of Downtown Phoenix, where modern updates meet effortless urban living. Unit 1008 has been thoughtfully transformed throughout, creating a fresh, contemporary interior that is truly move-in ready. The open and inviting floor plan is complemented by stylish finishes, abundant natural light, and an elevated feel that sets this residence apart. Perfect as a primary residence, lock-and-leave city home, or investment property, this turnkey condo offers the opportunity to enjoy Downtown Phoenix without the need for renovations or updates. The central location places you just minutes from Roosevelt Row, popular restaurants and nightlife, sporting and entertainment venues, cultural attractions, and major employment centers. Phoenix Sky Harbor International Airport and major freeways are also conveniently accessible. The community pool is currently under construction, adding another anticipated amenity for residents to enjoy upon completion. For buyers considering an investment property or a furnished residence, the existing furniture is available under a separate agreement at no additional cost, offering the convenience of a potentially ready-to-rent or move-in-ready home without the expense of furnishing it from scratch. Fully remodeled, centrally located, and ready to enjoy--Unit 1008 offers a standout opportunity to own in the heart of Downtown Phoenix. Listing Agent related to Seller.

805 N 4th Avenue Unit 1008, Phoenix

$279,000

1 Beds ⋅ 1 Baths ⋅ 7068898 MLS ⋅ ACTIVE Status ⋅ 85003 Zip Code ⋅ 720 SqFt.

Experience the energy of Downtown Phoenix from this contemporary urban residence at 805 N 4th Avenue. Unit 502 offers a bright, inviting interior with an open-concept layout designed for comfortable everyday living and effortless entertaining. Modern finishes, generous natural light, and a convenient location make this an appealing option for those seeking a primary residence, lock-and-leave city retreat, or investment property. Located just moments from Roosevelt Row, Downtown Phoenix dining, entertainment, sporting venues, cultural attractions, and major employment centers, the residence puts some of the city's most popular destinations within easy reach. Convenient access to major freeways and Phoenix Sky Harbor International Airport adds to the appeal for both residents and potential tenants. The community also features a pool currently under construction, providing an exciting addition to the building's amenities upon completion. For buyers considering the property as an investment, the existing furniture is available under a separate agreement at no additional cost, allowing for the possibility of a furnished, ready-to-rent residence without the time and expense of furnishing it from scratch. A versatile Downtown Phoenix opportunity combining location, convenience, and investment potential. Listing Agent related to Seller.

805 N 4th Avenue Unit 502, Phoenix

$343,000

1 Beds ⋅ 1 Baths ⋅ 7068444 MLS ⋅ ACTIVE Status ⋅ 85003 Zip Code ⋅ 880 SqFt.

Welcome to elevated urban living at the iconic Embassy Condominiums! Perched on the 8th floor, this spacious 1-bedroom, 1-bath residence offers approximately 880 sq. ft. of light-filled living space and a private balcony with impressive Downtown Phoenix skyline and mountain views. The open floor plan creates an inviting atmosphere with generous living and bedroom spaces rarely found in newer downtown developments. Enjoy morning coffee, Arizona sunsets and sparkling city lights from your own private balcony. Residents enjoy desirable amenities including a community pool (currently under construction), fitness center, recreation/billiards area, concierge service and on-site parking. Ideally located in the heart of Downtown Phoenix near Roosevelt Row, restaurants, coffee shops, entertainment, cultural attractions and the Phoenix Light Rail. Whether you're looking for a primary residence, lock-and-leave urban retreat or investment opportunity, Unit 804 offers an exceptional combination of space, views and location. For buyers considering the property as an investment, the existing furniture is available under a separate agreement at no additional cost, allowing for the possibility of a furnished, ready-to-rent residence without the time and expense of furnishing it from scratch.

805 N 4th Avenue N Unit 804, Phoenix

$285,000

1 Beds ⋅ 1 Baths ⋅ 7060262 MLS ⋅ ACTIVE Status ⋅ 85003 Zip Code ⋅ 845 SqFt.

Welcome to Tapestry on Central! Amazing location near light rail, dining, and more. This one bedroom, one bath unit on the 4th floor overlooks the courtyard and pool, plus features amazing south west views. Nicely updated throughout and includes all appliances. Kitchen features gas range and granite counters. Updated laminate flooring throughout main areas. Newly tiled shower in primary bathroom! Tapestry on Central has community pool & spa, clubhouse and exercise room.

17 W Vernon Avenue Unit 409, Phoenix

$430,000

2 Beds ⋅ 2 Baths ⋅ 7057895 MLS ⋅ ACTIVE Status ⋅ 0.02 Acres ⋅ 85003 Zip Code

Rarely available south-facing Penthouse with incredible mountain and city views from nearly every room. 2 Private Balconies! Newly renovated and located near Downtown Phoenix and the Historic District, this stunning condo features soaring 30-ft ceilings, real hardwood floors, modern finishes, a gas fireplace, and 2 private balconies. Includes 2 gated garage parking spaces plus guest parking. Enjoy the newly renovated pool area, fitness center, and sauna. HOA includes water, sewer, and trash. Seller incentives available, including HOA prepayment and/or rate buy-down credits.

17 W Vernon Avenue Unit 621, Phoenix

$410,000

2 Beds ⋅ 3 Baths ⋅ 7038544 MLS ⋅ ACTIVE Status ⋅ 85003 Zip Code ⋅ 1,510 SqFt.

Best location in Tapestry, with a north facing patio facing the leafy Willo historic neighborhood - step out your private direct entry front door and walk through the charming neighborhood, with coffee shop and restaurant adjacent; amazing for dog owners! Remodeled kitchen, new flooring, freshly painted throughout. Both spacious bedrooms are ensuite, with a powder bath downstairs. Primary suite with remodeled bath including tile shower, dual vanities, walk in closet and balcony. 2 garage spaces. Laundry room in unit. Updated HVAC. Tapestry offers excellent amenities including pool, spa, sauna, elevators, fitness, onsite management. Light rail within 2 minutes walk. Perfect opportunity to live downtown with a low maintenance lifestyle, yet nestled in a historic walkable neighborhood.

17 W Vernon Avenue Unit 31, Phoenix

$299,999

1 Beds ⋅ 1 Baths ⋅ 7028108 MLS ⋅ ACTIVE Status ⋅ 0.02 Acres ⋅ 85003 Zip Code ⋅ 837 SqFt.

TURN KEY - FURNITURE INCLUDED & 1 YEAR PARKING INCLUDED !! HOA includes high speed internet, water/sewer/trash and metered power. The building offers 24 hour security, a courtyard, clubhouse, gym, pool w/ adjacent saunas, business center AND a locker for extra storage. Experience urban living at its finest in Downtown Phoenix's historic Orpheum Lofts! This loft is thoughtfully designed, featuring a spacious bedroom with a large walk-in closet that provides ample storage space. A generous pantry is perfect for the culinary enthusiast, while the recently upgraded kitchen showcases modern appliances, including a new dishwasher and oven. The bathroom hosts the stacked washer, dryer & hot water heater to ensure comfort and convenience. Furniture negotiabl

114 W Adams Street Unit 402, Phoenix

16 W Encanto Boulevard Unit 417, Phoenix

$320,000

2 Beds ⋅ 2 Baths ⋅ 7016212 MLS ⋅ ACTIVE Status ⋅ 0.03 Acres ⋅ 85003 Zip Code ⋅ 1,235 SqFt.

Welcome to Tapestry On Central, where luxury meets convenience in this spacious single-level floor plan! This north facing residence features fresh paint, newer flooring throughout that complements the bright and airy ambiance. Includes two bedrooms both with access to a large balcony with views of the historic Willo neighborhood and heated lap pool. It's a perfect blend of comfort and functionality. A large laundry and utility room provides abundant storage space, making organization a breeze. Located in a vibrant neighborhood, Tapestry On Central is close to local theaters, art galleries, and live music venues, as well as major sports venues. Additional highlights include underground parking, secured entry, a heated community pool and spa, a well-equipped workout facility, and a welcoming clubhouse. With a Walgreens pharmacy and a nail salon conveniently located at Tapestry, you have everything you need just steps away from your door.

16 W Encanto Boulevard Unit 417, Phoenix

16 W Encanto Boulevard Unit 312, Phoenix

$439,900

2 Beds ⋅ 2 Baths ⋅ 6886344 MLS ⋅ ACTIVE Status ⋅ 0.04 Acres ⋅ 85003 Zip Code ⋅ 1,716 SqFt.

Back on the market with fresh updates! This beautifully refreshed Midtown Phoenix condo in the highly desirable Tapestry on Central features brand-new interior paint, luxury vinyl plank (LVP) flooring, and updated baseboards throughout. Spanning 1,716 sq ft, this spacious 2-bedroom + den, 2-bath home offers a sought-after split floor plan and an open-concept layout ideal for modern living. Situated on the third floor, enjoy sweeping views of Downtown Phoenix and Arizona's iconic sunsets. The bright, inviting living area is anchored by a cozy fireplace, while the well-appointed kitchen showcases granite countertops, ample cabinetry, and generous prep space--perfect for both everyday living and entertaining. *Some Images were generated or enhanced using AI.'' A versatile den with closet adds flexibility, making it ideal for a home office, guest room, or additional living space. Residents will also benefit from upcoming community enhancements, including new elevator installations, adding both convenience and long-term value. Located in the heart of Midtown, Tapestry on Central offers unbeatable access to urban living--just steps from the light rail, popular dining spots, and cultural attractions. Downtown Phoenix is only a short 5-10 minute drive away, putting sports venues, concerts, and vibrant nightlife within easy reach.

16 W Encanto Boulevard Unit 312, Phoenix

Start Your Search

Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.